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Agreed, children were the original pension scheme and might well become one again! Jokes aside I agree with you on strengthening bonds with local community, an
by plomme 11mo ago
Agreed, children were the original pension scheme and might well become one again!
Jokes aside I agree with you on strengthening bonds with local community, and it's something that many people neglect, not even knowing their neighbors. Especially so for city dwellers. Strong social bonds are an end in its' own right!
On your agrarian note I wonder if we will see a return to the country side as younger people are priced out of cities and more jobs accept remote work. Then again, RTO and "affordable" rentals may nullify that. But as real estate prices grow I keep wondering how anyone has the money to buy real estate in the city any more. Corporations I guess.
Regarding money being just a number I don't disagree exactly, but it sure feels like my flavor of white collar work might be among the first to be automated. If not, and the stock market flat-lines and taxes shoot up because we need to support the super-centenarians then my investments and cash flow are shot. I don't count on UBI to save me before pretty much everyone is out of a job, and in the meanwhile I will need to exchange money for goods that I'm not certain will plummet in price to match my lack of funds. So that's part of the reason I'm thinking about how to hedge or even gain in a future that might look different from our past.
I feel like a lot of people are vaguely aware of the skewed demography in the northern hemisphere, but I don't feel like there is a lot of talk about how it will affect the way we work and invest.